_______ is the process by which a company compares its performance with that of high-performing organizations.
A)Reference innovation
B)Benchmarking
C)Competitive change
D)Continuous improvement
E)Radical innovation

Question

Quizplus · Accepted Answer

Benchmarking is the process of comparing an organization's performance with that of high-performing organizations in order to identify areas for improvement and to adopt best practices. This allows companies to set goals and targets for improvement and to develop action plans to achieve these goals. References to innovation, competitive change, continuous improvement, or radical innovation are not directly related to the definition of benchmarking.

_______ Is the Process by Which a Company Compares Its